With the increasing demand in the private rental sector, rent affordability issues and lack of security of tenure, this has created additional pressure on the social housing sector with housing associations responding to an acute demand for emergency accommodation, housing and support services.
An annual Local Property Tax (LPT) charged on all residential properties in the State will come into effect from 1 July 2013. It is being administered by Revenue and a half-year charge will apply in 2013 to be paid by 1st January 2014.
The Finance (Local Property Tax) Act 2012 included social housing organisations as liable to pay the property tax. The ICSH has strongly opposed this and has consulted widely with members regarding the imposition of the LPT on approved housing bodies. The following download is the ICSH position paper on the property tax.
The Finance (Local Property Tax) Bill 2012 proposes to include local authorities and social housing organisations providing housing for low income families for payment of the Local Property Tax (LPT). The following download is the ICSH submission on the property tax ahead of the Second Stage Reading of the Bill.
The Department of Environment, Community and Local Government recently issued a draft consultation document outlining a Voluntary Regulation Code for Approved Housing Bodies. The consultation document which can be downloaded here sets out the key features of the voluntary code and contains a series of consultation questions to assist members to respond to the document.
From previous discussions between the ICSH, Government Departments and the Banking federation it has been agreed to have a process where any difficulties that housing associations encounter with leasing initiatives and through using private finance will be identified and resolved. To underpin this ‘principles of engagement’ between the Department of the Environment, Heritage and Local Government, the Department of Finance, the Irish Banking Federation, the County and City Managers Association and the Irish Council for Social Housing have now been agreed.